INDIAN RIVER VOLUNTEER FIRE COMPANY INC (EIN 510302525) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1953

Legal Domicile

Phone

3022360416

Tax Period

2024-01-01 to 2024-12-31

INDIAN RIVER VOLUNTEER FIRE COMPANY INC, founded in 1953, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 49% operating margin.

Mission

THE PURPOSE OF THE COMPANY IS TO PROVIDE FIRE AND RESCUE SERVICES IN THE OAK ORCHARD, RIVERDALE AND LONG NECK AREAS OF SUSSEX COUNTY

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,714,849

Program Service Revenue $0

Investment Income $518,215

Other Revenue $23,402

TOTAL REVENUE $2,256,466

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,083

Fundraising Expenses $77,634

Program Expenses $725,441

Other Expenses $1,109,168

TOTAL EXPENSES $1,144,947

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,256,466	$1,634,945	+0.4%
Expenses	$1,144,947	$1,016,796	+0.1%
Net Income	$1,111,519	$618,149	+0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK C MILLER	PRESIDENT	15.00	Officer	$0	$0	$0
MARIO A STREET	VICE PRESIDENT	10.00	Officer	$0	$0	$0
LINDA J WALLS	SECRETARY	10.00	Officer	$0	$0	$0
BRUCE WAGNER	TREASURER	10.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$2,256,466	$1,144,947	$10,751,722	$1,111,519
2023	$1,634,945	$1,016,796	$9,874,455	$618,149
2022	$1,550,131	$853,862	$8,695,917	$696,269
2021	$1,313,702	$810,549	$8,140,516	$503,153
2020	$1,257,409	$837,293	$6,539,111	$420,116
2019	$1,287,225	$806,743	$6,218,423	$480,482
2018	$1,204,919	$768,866	$5,818,785	$436,053

INDIAN RIVER VOLUNTEER FIRE COMPANY INC